Venezuela
News
December 05, 2016
For the three titans of Latin American oil—Pemex, PDVSA and Petrobras—last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights.
News
October 04, 2016
CARACAS (Bloomberg) -- An agreement among OPEC and non-OPEC states to limit oil production could slash global supply by 1.2 MMbpd and add as much as $15 to prices, said Venezuelan Oil Minister Eulogio Del Pino.
News
September 28, 2016
Y&V Group, the only Venezuelan contractor selected to participate in a multi-billion-dollar drilling project in the country’s Orinoco belt, is relying on an alliance with Baker Hughes to start drilling more than 200 wells.
News
September 20, 2016
The world’s largest oilfield services providers are making plans to help boost output in Venezuela, according to the president of the country’s state-run oil company.
News
August 16, 2016
The long decline in Venezuela’s oil production is becoming a supply risk for international markets, according to a report by Columbia University’s Center on Global Energy Policy.
News
July 13, 2016
Venezuelan crude production fell to a 13-year low last month as an economic crisis weighed on the OPEC member’s oil industry, the International Energy Agency said.
News
June 28, 2016
Venezuela’s oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments.
News
June 17, 2016
Crude prices around $50/bbl are enough for Venezuela’s state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino said Thursday in an interview.
News
May 06, 2016
Halliburton has joined rival Schlumberger in curbing activity in Venezuela due to lack of payment during the oil industry’s worst financial crisis.
News
April 13, 2016
Schlumberger Ltd. will reduce activity in Venezuela after the world’s largest oil services provider failed to collect enough payments from the national oil company.
News
February 03, 2016
The U.S. is now supplying OPEC with crude oil, sort of.
News
December 03, 2015
All across the Americas, drilling rigs are being idled as oil prices hover near six-year lows.
News
October 28, 2015
Cutbacks by Brazil’s state oil company has one of its main suppliers exporting local talent to an unlikely location: Venezuela.
News
September 16, 2015
Venezuelan proposals for a summit between OPEC and non-OPEC producers are advancing, and should focus on bolstering oil prices rather than limiting volumes, government officials said Tuesday.
News
August 20, 2015
India’s Oil and Natural Gas Corp. is in discussions to take $535 million worth of crude in lieu of cash for its share of sales from a Venezuelan oilfield.
News
August 14, 2015
For generations, Venezuela has formally laid claim to most of its tiny neighbor, Guyana. Many dismissed the case, given Venezuela’s oil wealth and Guyana’s penury. Hugo Chavez, longstanding president of Venezuela, even let it slide, referring to the Guyanese as his brothers.
News
August 04, 2015
For nearly a century, the petroleum deposits beneath giant Lake Maracaibo served as a cash cow for successive Venezuelan governments. In return, especially in the years since the company’s energy industry was nationalized by former President Hugo Chavez, it has received little back but neglect.
News
July 06, 2015
Eni has started production from the giant gas field Perla, in the Gulf of Venezuela. The first production well has been opened and is currently in the clean-up phase.
News
April 29, 2015
Few countries have been hit harder by falling crude oil prices in recent months than Venezuela; an OPEC member and the holder of the world’s largest volume of oil reserves.
News
February 25, 2015
Venezuela, plagued with shortages of basic goods, was offered a reprieve by the Prime Minister of neighboring Trinidad & Tobago: exchange oil for tissue paper.
News
January 12, 2015
MELBOURNE and LONDON (Bloomberg) -- Oil extended losses from the lowest level in more than five and a half years as Goldman Sachs Group reduced its price forecasts and Venezuela called on OPEC producers to work together to spur a recovery.
